Boden & Davies receives funding boost

Wood waste recycling firm Boden & Davies, which is based in Greater Manchester, is eyeing further growth after securing a £1.1m invoice finance package. Yorkshire Bank has provided the funding to Boden & Davies, which processes 1,200 tonnes of wood a day and supplies chip board manufacturers and energy companies.

Wood waste recycling firm Boden & Davies, which is based in Greater Manchester, is eyeing further growth after securing a £1.1m invoice finance package.

Yorkshire Bank has provided the funding to Boden & Davies, which processes 1,200 tonnes of wood a day and supplies chip board manufacturers and energy companies. It also supplies pallets, recycled wood chip, animal bedding and biomass fuel.

The family-run business has 100 staff and turns over £12m. It was founded in 1958 and is based at Astley, near Leigh. It has sites in Macclesfield, Birmingham and south Wales.

Revenues at the firm have grown 15 per cent in the past 12 months and overall staff numbers by 10 per cent. Boden & Davies serves more than 300 clients.

Andrew Frizzell, a partner at Yorkshire Bank in Bolton, said: “Boden & Davies is performing extremely well and has a sustainable growth strategy which we are confident it will deliver. It has a strong order book from its high number of existing clients and is very successful in gaining new customers.”